What will be the impact if the Ethereum ETF is approved?

First, the approval of the Ethereum ETF will directly drive up the price of Ethereum.

As for whether Grayscale will sell ETH after it is approved. It will definitely happen, but you can understand it by looking at the example of BTC being approved before. There will not be panic. The current mood of the rejection of the Ethereum spot ETF application is being digested.

In summary, if the Ethereum ETF is approved, it should break through 3500 on the first day, or even higher 3800, and it will break through the previous historical high within a month.

Second, it will promote the ETF applications of other altcoins, especially SOL, and promote the altcoin bull market. If the Ethereum spot ETF application is approved, SOL should also apply for ETF soon, and of course other altcoins will apply. If the Ethereum ETF is approved, SOL will immediately prepare to apply for ETF. It can be determined that some companies must have been preparing materials.

The approval of the spot ETF will drive the altcoin out of a wave of market conditions, and it will also give security tokens a sigh of relief.

By then, the tokens that may have the fastest and highest growth rates will be those that have been depressed due to securities issues in the past year (ADA, MATIC, DOT, ATOM, etc....). At the same time, ETH's related sectors will rise, and the activity on the chain will increase.

Third, there may be a blood-sucking market, reducing the market share of big cake. Since entering this round of bull market, the market share of big cake has been very high, which is not in line with the situation of the big bull market in previous years. If the Ethereum spot ETF is passed, it will push the market value of the cottage to rise, and the blood-sucking market of big cake may end.

The application of Ethereum ETF actually has a greater impact on the entire cottage market, because in essence, Ethereum is the leader of the cottage

To put it another way, if it is not passed this time, there will be negative impacts, and it may be inserted, and even drive the cottage to insert, but it is not too bad. After all, the market has been digesting it, which is also a point that needs attention. In today's market, the emergence of bad news is an opportunity and a time to test the position.

In short, there are two possibilities: if it does not pass, it will be inserted; if it passes, it will surge. We need to adapt to the situation

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